Why Kamala’s Price Controls Will Lead To Shortages
August 16, 2024
Politicians very rarely blame their own policies for the suffering that they create. They usually double-and-triple-down on their bad policies. When that doesn’t work, they create an entirely new policy to combat the bad effects of the older one. Government “price controls” have a never-ending failure rate throughout economic history. They create shortages! But when politicians are faced with the choice of either blaming themselves, or creating shortages…they usually opt to create shortages.
Executive Director of the Ron Paul Institute for Peace and Prosperity and co-Producer/co-Host, Ron Paul Liberty Report. Daniel served as the foreign affairs, civil liberties, and defense/intel policy advisor to U.S. Congressman Ron Paul, MD (R-Texas) from 2001 until Dr. Paul’s retirement at the end of 2012. From 1993-1999 he worked as a journalist based in Budapest, Hungary, and traveled through the former communist bloc as a human rights monitor and election observer.
Price Controls Have Created Economic Catastrophes for Four Thousand Years